HSTM - HealthStream up after-hours after earnings beat; raises FY 2021 guidance

Healthcare workforce solutions provider HealthStream (HSTM) reported Q1 2021 earnings and revenue that beat analyst expectations, sending shares 3.7% higher in after-hours trading.Q1 GAAP EPS of $0.07 beat by $0.13 and revenue rose 3.1% year over year.Adjusted EBITDA was $13.6 million for Q1, a 14% increase from the prior-year period.Net income dropped 68% year over year to $2.3M because of a $3.4 million one-time contractual adjustment to royalty expense and higher operating expenses primarily due to acquisitions completed during 2020 and Q1 2021.The company increased its FY 2021 revenue guidance to $245M-$255M and adjusted EBITDA to $40M-$44M.

For further details see:

HealthStream up after-hours after earnings beat; raises FY 2021 guidance